Automobile exports from Shanghai Waigaoqiao hit a new high

According to the statistics released by Shanghai Customs, Haitong terminal exported 1.08 million vehicles during January and October, an increase of 28.8% year-on-year, two months earlier compared with last year to achieve the goal of 1 million automobile exports. 

Haitong is the major specialised vehicle export terminal of Shanghai port, providing export services to over 200 ports worldwide. Its automobile export volume accounts for over 20% of the nation’s total amount. 

With the recent commencement of operation at Cosco Shipping’s Chancay port, the ship owner has launched Far East-South America West Coast automobile carrier service this month embarked from Shanghai to Chancay, Peru, making a significant enhancement in transportation capacity for commercial vehicles at Shanghai.

China’s automobile exports are coming under increasing fire in western nations, particularly electric vehicles. The European Commission (EC) has announced import tariffs on Chinese manufactured EVs ranging from 17.5% to 35.5% depending on the manufacturer. In September, China exported 60,517 units of electric vehicles to EU, an increase of 61% year-on-year.

Meanwhile in May the Biden Administration in the US said it would quadrupling tariffs on Chinese EVs from 25% to 100%.